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India Returns To Rare Earths Production

Investing News Network
Aug. 31, 2011 06:03PM PST
Rare Earth Investing

Mineweb reported that India plans to ramp up its production of rare earths after taking seven years away from mining.

Mineweb reported that India plans to ramp up its production of rare earths after taking seven years away from mining.

The market news is quoted as saying:

Lack of competition in the market has ensured that India stopped producing rare earths in 2004. The chairman noted that with improved in-house technology which would make the firm more competitive, there would be enough for exports after taking into account the domestic demand for the various minerals.

To read the full market news, click here.

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